A&G to Auction 250 Tuesday Morning Leases

by Hayden Spiess

New York City — A&G Real Estate Partners will auction over 250 Tuesday Morning Corp. leases as part of the first round of store closures in the retailer’s Chapter 11 reorganization. Ranging in size from 6,000 to 28,000 square feet, the spaces being auctioned are situated in freestanding sites and retail centers. Many of the leases have five or more years remaining on the term. “The early interest reflects the fact that it’s rare to see so many good quality locations become available in major markets,” says Mike Matlat, senior managing director of A&G. According to A&G, additional stores “can be expected to close in the event certain acceptable terms are not reached with the landlords.”

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